Shares of Nebius (NBIS) rose more than 4% on Sept. 17 after a leaked pricing update reported that customers will soon pay much more for computing power. Valued at a market capitalization of $58.9 billion, Nebius is an artificial intelligence (AI) infrastructure company. NBIS stock has more than doubled over the past 12 months, rising 122%, while shares have also climbed an impressive 182% on a year-to-date (YTD) basis.
Is Nebius a good stock to own right now despite its lofty valuation in September 2026? Let's take a closer look. SpaceX Has Huge, Unusual Put Options Volume - Is SPCX Set to Fall or Rise From Here?
Lucid Just Struck a Partnership With Bolt on Mobility. What This Means for LCID Stock. Tired of missing midday reversals?
The FREE Barchart Brief newsletter keeps you in the know. Nebius has spent the past year building out data centers packed with Nvidia (NVDA) chips, renting out computing power to AI companies that need it to train and run their models. It is a capital-intensive business, and until recently, Wall Street was not entirely sold on whether Nebius could turn all of that spending into real profit.
The company's second-quarter letter to shareholders, released on Aug. 12, made a strong case that it can. Nebius posted Q2 revenue of $582.3 million, up 454% from a year earlier. The core Nebius AI cloud business grew even faster, with revenue up 514% year-over-year (YOY) to $574.9 million, with annualized run-rate revenue (ARR) reaching $3 billion.
Notably, the company said its AI cloud business delivered an adjusted EBITDA margin of 50% in Q2, signaling the business is becoming more efficient as it scales. Nebius also closed four landmark deals in the quarter worth more than $1 billion each in total contract value, including agreements with AI companies Reflection and Cohere. Founder and CEO Arkady Volozh summed up the quarter in the letter, saying the company closed the largest AI cloud deal on its "strongest terms to date, at prices that represent a step-change in the economics of [the] business." According to Seeking Alpha, a customer communication making the rounds online reportedly shows that Nebius plans to raise prices on several on-demand GPU services starting Oct. 1.
Extract — continue reading at the source.
